New Risk • Apr 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.9m free cash flow). Earnings have declined by 54% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$28.6m market cap, or US$20.5m). Announcement • Oct 31
Tower Resources Ltd. announced that it has received CAD 2.157 million in funding On October 30, 2025, Tower Resources Ltd. closed the transaction. The company issued 6,228,000 flow-through shares at an issue price of CAD 0.25 for gross proceeds of CAD 1,557,000 in its final tranche. Under the offering, the company issued a total of 8,628,000 common shares. In connection with the final tranche, the company paid finder’s fees of CAD 92,100 in cash equal to 6% of the gross proceeds raised and issued 368,400 compensation warrants exercisable at CAD 0.25 until October 30, 2026 equal to 6% of the total number of common shares sold to a qualified non-related party, in accordance with the policies of the TSX Venture Exchange. All securities issued under the first tranche, including securities issuable on exercise thereof, will be subject to a hold period expiring March 3, 2026, in accordance with the rules and policies of the exchange and applicable Canadian securities laws. Announcement • Oct 09
Tower Resources Ltd. announced that it expects to receive CAD 2 million in funding Tower Resources Ltd. intends to complete a flow-through non-brokered private placement to issue 8,000,000 shares at an issue price of CAD 0.25 per share for gross proceeds of CAD 2,000,000 on October 8, 2025. In connection with the offering, the company may pay a finder's fee in cash equal to 6 per cent of the gross proceeds raised and issue compensation warrants exercisable at 25 cents for a period of 12 months from the date of issuance, equal to 6% the total number of common shares sold, to qualified non-related parties, in accordance with the policies of the TSX Venture Exchange. All securities issued under the offering, including securities issuable on exercise thereof, will be subject to a hold period expiring four months and one day after issuance, in accordance with the rules and policies of the exchange and applicable Canadian securities laws. 
